Research · Sep 3, 2026
[AJG] Arthur J. Gallagher Thesis 2026: Twenty-Third Consecutive Quarter of Double-Digit Growth
Arthur J. Gallagher FY25 (Dec 31, 2025) at $13.94B revenue (+21% reported / +5% organic). NI $1.49B; EPS $5.75. Q4 +30% reported / +5% organic / adj EBITDA +30% (23rd consecutive quarter of double-digit growth). AssuredPartners (~$13B, 2024) integration on track. FY26 guide: Brokerage organic +5.5%, RM organic +7% / margins 21-22%.